Agricultural exports to newly opened China surge

Traders are busy buying the best quality durian, jackfruit, cassava, and cashew nut possible to export to China, whose demand seems to be insatiable.

This has been the busiest year ever for traders like Nguyen Thi Thuy Linh in the southern province of Tien Giang. She has been scrambling to find top quality fruits grown in the Mekong Delta to sell to Chinese buyers.

Durian seen at a farm in Long An Province.

"In previous years we only bought limited quantities of durian, jackfruit and mango to sell domestically, but this year we have been raising prices continuously to get enough for exports."

Thanh Mai, a trader in the Central Highlands, has been struggling to meet her increasing export quota. She now pays farmers double last year’s prices: VND20,000 for a kilogram of taro, and VND14,000 for yam.

Export companies are also busy.

Van Xuan Phat Exports and Imports ships thousands of tons of durian to China every month, while major exporter Vina T&T has secured a contract for 22,500 tons of the fruit.

In Dong Nai and Binh Phuoc Provinces, companies are preparing to export 500,000-600,000 tons of durian to China.

Vietnamese rice is also imported by China following it reopening after years of imposing a strict zero-Covid policy.

The Ministry of Agriculture and Rural Development said in its latest report that rice exports to China and the Philippines have surged.

The Vietnam Food Association said the two countries, along with others in Africa and Europe, are increasing their purchase to expand reserves, and Vietnamese rice would continue to have an advantage with some competitors being affected by inflation and climate change.

In the first two months of 2023 China has bought $1.27 billion worth of agriculture, seafood and forestry goods from Vietnam, the highest by any country. It accounted for over a fifth of Vietnam’s agriculture exports.

Dang Phuc Nguyen, general secretary of the Vietnam Fruit and Vegetables Association, said the resumption of border trade between the two countries and new trading protocols have helped boost exports to China.

Chinese buyers have been actively seeking out Vietnamese products, he added.

Export prices of Vietnamese rice up nearly 10%

The export prices of Vietnamese rice in the first two months of 2022 rose by 9.8% year-on-year to 528.5 USD/tonne, according to the Ministry of Agriculture and Rural Development (MARD).

 

Bac Giang maintains export growth

(BGO) – The export of goods in Bac Giang province has recently gained impressive result, helping the province rank top 10 localities nationwide in export turnover. With local potentials and advantages, the province continues working out strategy toward sustainable export.

 

Opportunities to boost export of processed foodstuff to Asia-Pacific, African markets

The Ministry of Industry and Trade (MoIT) hosted a conference with Vietnamese trade representative offices abroad on February 28 to discuss opportunities to promote the export of processed foodstuff to in Asia-Pacific and African markets.

 

US asked to help facilitate export of Vietnam’s fresh fruits

Deputy Minister of Industry and Trade Do Thang Hai has called on the US Department of Agriculture (USDA) to promote the approval process for irradiation facilities so as to facilitate the export of Vietnam’s fresh fruits to the US.

 

Vietnamese agricultural products enjoy bustling export to China

The reopening of China’s border on January 8 is of significance to Vietnamese exporters, as Vietnamese agricultural products have posted bustling export to this billion-people market.

 

Source: VnExpress